Northland Securities Raises Vitesse Energy (NYSE:VTS) Price Target to $31.00

Vitesse Energy (NYSE:VTS) had its price target upped by equities research analysts at Northland Securities from $28.00 to $31.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 14.35% from the stock’s current price.

Separately, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Stock Up 1.1 %

Shares of Vitesse Energy stock opened at $27.11 on Thursday. The company has a market cap of $800.83 million, a P/E ratio of 18.57 and a beta of 0.51. Vitesse Energy has a 52-week low of $19.63 and a 52-week high of $28.41. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average price is $26.59 and its 200-day moving average price is $25.47.

Insiders Place Their Bets

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the sale, the vice president now directly owns 63,411 shares in the company, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

Institutional Trading of Vitesse Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its stake in Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock valued at $7,264,000 after acquiring an additional 110,830 shares during the period. Barclays PLC lifted its stake in shares of Vitesse Energy by 325.7% in the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock valued at $950,000 after purchasing an additional 30,243 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vitesse Energy by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock valued at $13,988,000 after purchasing an additional 9,724 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Vitesse Energy by 112.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after purchasing an additional 119,861 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Vitesse Energy in the 2nd quarter valued at $503,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.